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785 Main St, Amherst MA 01002

$749,000

Estimated $2,009.17/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,500

Total Rent: 62400/year

Estimated CAP Rate: 6.61%

6 Bedrooms

2 Full Baths

2,815 SqFt

Total Parking: 8

16,062 SqFt

Attention Investors! This beautifully renovated two-family home, boasting an impressive rental history, is now available! Ideally located in the heart of Amherst, this property is a fantastic opportunity. The ground floor features three spacious bedrooms, a full bath, a living room, a kitchen, and a laundry area. The second floor is slightly different with a larger living room and an additional room off the kitchen as well as another three bedrooms, a full bath, and kitchen. A new addition was completed in 2015, enhancing the property's appeal. Recent upgrades also include new sewer lines installed in May 2023. The property is currently occupied and will be leased through May 2026. Don’t miss this exceptional investment opportunity!

This home has been viewed 33 times

Last Checked: December 4th, 2024 at 5:19am (Source: MLS PIN #73307901)

Gross Income: $62,400

Gross Expenses: $12,925

Net Income Calc: $49,475

CAP Rate: 6.61%

Annual Expenses for 785 Main St, Amherst MA 01002

Total Gross Expenses (Calculated)$12,925/year

APOD AvailableYes

Heating

Electricity

Water$766

Gas$766

Insurance$1,517

Sewer$766

Trash Removal$490

Repair & Maintenance$366

Management

Miscellaneous$250

Real Estate Tax$9,536

Annual Income & Unit Breakdown for 785 Main St, Amherst MA 01002

Total Gross Income (Calculated)$62,400

Unit 1

Rental Income$2,400

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$2,800

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 785 Main St, Amherst MA 01002

Listing ID73307901

Property TypeMulti Family / 2 Family

Price$749,000 ($266.07/SqFt)

Style2 Family - 2 Units Up/down

CityAmherst

CountyHampshire

MLS Area

Neighborhood(s)

Approximate Living Area Total2,815 SqFt

Approximate Lot Size (Acres)0.37 acres

Total Parking8

Garage Parking

Year Built1850

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRN

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 785 Main St, Amherst MA 01002

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$13,336

Total Gross Income By Broker$62,400

Total Net Income By Broker$49,064

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 785 Main St, Amherst MA 01002

Real Estate Taxes$9,536

Tax Year2024

Assessed Value$515,200

Financial Data SourceOwner

Total Gross Expenses By Broker$13,336

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$62,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$49,064

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.61%

Location Information for 785 Main St, Amherst MA 01002

Elementary SchoolFt River

Middle SchoolArms

High SchoolArhs

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Medical Facility, Bike Path, Public Transportation, University

Contact Information for 785 Main St, Amherst MA 01002

Agent

Name: Stiles & Dunn

MLS ID: TM326677

Office ID: AN8246

Office

Name: William Raveis R.E. & Home Services

MLS Office ID: AN8246

Phone: 413-549-3700

Team Members

Name: Luke Dunn

MLS ID: CN224873

Office ID: AN8246

National Association ID: 452509903

Phone: 413-800-1155

City: Amherst

State: MA

Name: Karen Jones

MLS ID: CN200237

Office ID: AN8246

National Association ID: 452508321

Phone: 413-336-4440

City: Amherst

State: MA

Payment Calculator

, Interest

Property Taxes 794.67

Principal & Interest 4615.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

Stiles & Dunn

Agent Phone

Office Phone

(413) 549-3700

Text Agent Call Agent Call Office

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)

EXIT

Withdrawn

785 Main St, Amherst MA 01002

$749,000

Annual Expenses for 785 Main St, Amherst MA 01002

Annual Income & Unit Breakdown for 785 Main St, Amherst MA 01002

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Financial Information for 785 Main St, Amherst MA 01002

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Contact Information for 785 Main St, Amherst MA 01002

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William Raveis R.E. & Home Services

Stiles & Dunn